Havells India Limited announced its consolidated financial results for the third quarter ended December 31, 2025, showing strong revenue growth but missing analyst expectations on profitability. The company's Board of Directors approved these results at their meeting held on January 19, 2026, along with key strategic decisions including dividend declaration and employee benefit initiatives.

Consolidated Financial Performance

The company delivered robust revenue growth in Q3FY26 on a consolidated basis, with total revenue reaching ₹55.87 billion compared to ₹48.89 billion in the corresponding quarter of the previous year, representing a 14.3% year-on-year increase. However, the consolidated net profit of ₹3.00 billion, while showing a 7.1% growth from ₹2.80 billion in Q3FY25, fell short of analyst estimates of ₹3.86 billion.

Standalone Performance Analysis

On a standalone basis, the company reported revenue from operations of ₹5,573.44 crores, marking a 14.1% year-on-year growth from ₹4,882.50 crores in Q3FY25. Standalone net profit increased by 6.6% to ₹301.36 crores compared to ₹282.81 crores in the previous year, with basic earnings per share improving to ₹4.80 from ₹4.51.

Segment-wise Revenue Performance

The company's diversified business portfolio showed mixed performance across different segments during the quarter. The Cables segment emerged as the largest revenue contributor, while Lloyd Consumer faced challenges during the traditionally slower winter season.

Exceptional Items and Regulatory Impact

The quarter's results were affected by an exceptional item of ₹45.03 crores related to the implementation of New Labour Codes. The Ministry of Labour and Employment consolidated multiple existing labour legislations into four unified Labour Codes, which became effective from November 21, 2025. The company reassessed its employee benefit obligations according to the revised definition of wages, resulting in this incremental liability recognition.

Board Decisions and Shareholder Returns

The Board of Directors declared an interim dividend of ₹4.00 per equity share of ₹1 each, representing a 400% dividend on the paid-up equity share capital. The dividend will be paid to shareholders whose names appear in the Register of Members as on the record date of January 23, 2026, with payment scheduled on or before February 17, 2026.

Strategic Initiatives

The Board approved the introduction of "Havells Employees Stock Purchase Scheme 2026" based on recommendations from the Nomination and Remuneration Committee. This scheme, framed in accordance with SEBI regulations, will be presented for shareholder approval at the company's next Annual General Meeting. Additionally, during the current quarter, the company executed a settlement agreement with HPL Group regarding the 'HAVELLS' trademark, recognizing a settlement amount of ₹129.60 crores as an intangible asset.

Havells India Limited has announced an earnings conference call to discuss its financial performance for the third quarter and nine months ended December 31, 2025. The company filed the intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on January 13, 2026.

Conference Call Details

The earnings call is scheduled to take place on Monday, January 19, 2026, and will run from 5:45 PM to 6:30 PM IST. ICICI Securities will host the conference call, providing a platform for investors and analysts to engage with the company's management team.

Management Participation

The conference call will feature senior leadership from Havells India Limited, ensuring comprehensive coverage of the company's financial performance and strategic initiatives.

Key Management Representatives:

• Mr. Anil Rai Gupta - Chairman and Managing Director
• Mr. Rajesh Kumar Gupta - Whole Time Director & Group CFO
• Mr. Ameet Kumar Gupta - Whole Time Director
• Mr. Rajiv Goel - Executive Director

Access Information

Investors and analysts can participate in the earnings call through multiple access options. The universal access numbers include +91 22 6280 1144 and +91 22 7115 8045 for domestic participants.

International Toll-Free Access:

Coordination and Support

ICICI Securities has designated specific personnel to coordinate the conference call and provide support to participants. Mr. Jaideep Goswami, Head of Equities, serves as the primary call coordinator, while Mr. Aniruddha Joshi provides additional coordination support.

For clarifications and assistance, participants can contact Mr. Rushad Kapadia, Ms. Seema Sehgal, or Ms. Minali Ginwala from ICICI Securities. The company has also provided a Diamond Pass registration link for enhanced access to the conference call.

The announcement was signed by Company Secretary Sanjay Kumar Gupta and filed with both the National Stock Exchange of India Limited and BSE Limited, ensuring compliance with regulatory disclosure requirements.